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Re:Joint Statement by the Department of the Treasury, Federa... by mgraczyk on Sunday March 12, 2023 @06:55PM (#35127583)
Do you think punishing depositors would disincentivize those executives?

And do you have any examples of poor people being charged with insider trading? Every case I have seen is rich people trading.

Re:Joint Statement by the Department of the Treasury, Federa... by cowl on Sunday March 12, 2023 @07:36PM (#35128205)
Punishing Depositors no but punishing them yes. There should be personal finanacial Clawback and potentially even legal conseguences for this type of mismangement. When Their personal wealth is at risk they will be more careful. As it is right now, they don't risk anything and will try the same thing again. The worst thing that can happen to them is to loose "unrealiasied profits" not loosing anything already realised.
Re:Joint Statement by the Department of the Treasury, Federa... by tiahura on Sunday March 12, 2023 @10:19PM (#35130011)
There should be personal finanacial Clawback and potentially even legal conseguences for this type of mismangement.

There is. That’s what derivative actions are - a mechanism for shareholders to sure the board and management for breaching their fiduciary duties. My guess is that one will be filled Monday.

Re:Joint Statement by the Department of the Treasury, Federa... by moffkalast on Sunday March 12, 2023 @07:26PM (#35128054)
Probably not, but it is rather exhausting to see this happen again and again and seeing them get bailed out without consequences every time. At least something would be different.

Maybe it's just hearsay but it feels like every person on wallstreetbets who got lucky with options then got the IRS knocking on their door accusing them of everything in the book. They've said it themselves that with the cost cutting in last decades they don't have the resources to build cases against large players anymore. They go after people they can reliably force to pay up without having to fight them too much. Al Capone would've gotten off scot free in today's world, just like most of congress does despite singlehandedly outperforming the best index funds out there.

Re:Joint Statement by the Department of the Treasury, Federa... by mgraczyk on Sunday March 12, 2023 @07:34PM (#35128165)
That's tax evasion, not insider trading.
Re:Joint Statement by the Department of the Treasury, Federa... by creato on Sunday March 12, 2023 @11:02PM (#35130428)
I can’t believe anyone would put any stock in such “evidence”. No one is going to say “yeah, I pushed the limits of tax filing and got busted, nice catch IRS”. They’re going to say “I was just minding my own business when the IRS robbed me with their machine guns”.